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<br /> 76- 000430
<br /> MORTGAGE'
<br /> MORTGAGE LOAN NO. L 21,951
<br /> KNOW ALL MEN BYTHESE PRESENTS:That Roger Luft and Donna Luft, his wife and Stanley B. Garris Jr.
<br /> Fc. and Mary Garris, his wife,
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<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirty Thousand and No/100 ., DOLLARS
<br /> 4,4 loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 300 shares of stock of
<br /> .1:•f.; said.ASSOCIATION,Certificate No,L21,951 ,du hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 'a`. described real estate,situated in Hall County,Nebraska:
<br /> LOT FOUR (4), IN WESTERN HEIGHTS SECOND
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<br /> SUBDIVISION, HALL COUNTY, NEBRASKA. •
<br /> Rerecorded to show acknowledgement.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> ..: - window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> f: assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> t•, insurance upon the buildings on said premises situated in the sum of S 30 000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; _
<br /> •r` In case of default in she performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgagedpremises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> T, unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the sante.
<br /> • These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by 4
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the-Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured therebys before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 30,000.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the.rnaximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit nu waste on said premises;keep and comply
<br /> with all the agreements and conditions of the Bond for 530,000 QO this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and`Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby •
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which suns shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> .sled this ?rid day of January A.D.,r1/9/J(
<br /> .• re.,,,:/--
<br /> Dona u G� .,
<br /> Sta ey B. aryls ,Jr. 4Fary Gars
<br /> STATE OF NEBRASKA, _se •
<br /> On this 22nd
<br /> COUNTY OF HALL day of January l9 76 ,before me,
<br /> i the undersigned,a NotaryPublic in and for said
<br /> Roger Luft and Donna Luft,; his wife and gr County,personally came
<br /> Stanley B. Garris Jr. and
<br /> Mary>Garris, his wife' who are personally known to
<br /> me t4nrson S whose names affixed to the above instrument as mortgagor S and they severally
<br /> ack'r wledgod tho,iif'dinf{mment to be their voluntary act and deed.
<br /> r WITNESStmy hand and Notarial Seal the date aforesaid. Ni„MyCommtasionexpires,y`x,.''�'/],,i i,•,�, N \P�,c ._o_ ' ,-
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<br /> i7732M d �1 �w(ary Public •
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